Economy watch
Export growth has been stagnating in recent times. The appreciation of the rupee against the US dollar is the obvious culprit.
EXPORTS
Status: Rs 52,560 crore in Oct. ’07.
Impact: Export growth has been stagnating in recent times. The appreciation of the rupee against the US dollar is the obvious culprit. Exports provide employment opportunities in the domestic market, so an export slowdown has ominous portends for the economy.
Direct tax collections status: Rs 1,11,055 crore in the first five months (April-September) of 2007-08.
Impact: Booming collections under direct taxes reflect the buoyancy in the economy and augur well for it as more and more money can be channelised for developmental works.
Compiled by Anand Adhikari
